Bond market investors should invest in infra assets- Crisil
时间:2024-06-26 17:05:51 阅读(143)
With their credit risk profile and long-term nature showing improvement over the past few years, infrastructure assets are increasingly becoming a preferred investment choice for bond market investors, according to a report by Crisil Ratings.
The agency further said the improvement in the credit risk profile reflects a series of policy measures that has helped boost the attractiveness of the infra sector as an investment destination.
Also Read: EPFO pension scheme may cover unorganised workers
Entities rated AAA and AA comprised ~46% of the Crisil Ratings infra portfolio (361 companies) last fiscal, compared with ~22% (260 companies) in FY17.
This is also reflected in the median ratings by Crisil portfolio of infra assets improving from ‘BBB’ in FY17 to ‘A+’ last fiscal, it showed.
Gurpreet Chhatwal, MD, Crisil Ratings, said: “The government has taken a slew of measures to address legacy issues in the infrastructure sector. Risk sharing in contracts has improved with the concessioning authorities assuming their fair share of risks, and concession agreements revised to remove bottlenecks.
“Now, central counterparties are playing a greater role, and the introduction of InvITs has boosted investor confidence.”
Government-owned companies such as National Highways Authority of India (NHAI), Solar Energy Corporation of India (Seci), NTPC, and PowerGrid Corporation have ensured predictability in the payment cycles, reducing cash-flow volatility significantly, the analysis said, adding that the IBC and pre-IBC platforms have also improved the recovery prospects and resolution timelines.
猜你喜欢
- Mid-, small-caps steal a march over Nifty
- Bond yields surge, time to lock high returns; here’s how to choose debt securities, duration, allocation
- Mid, smallcaps attractive from 5-yr horizon- Vinit Sambre, head of equities, DSP Mutual Fund
- Bhalswa landfill fire in Delhi- 15 hours on, firefighting operations underway – See photos
- Maruti Suzuki Q4FY23 net profit jumps 42% at Rs 2671 crore, revenue climbs to Rs 3206 crore
- Tata Motors stock hits 8-year high
- Markets Ahead- Sensex, Nifty snap 3-day gaining streak; investors cautious as Fed hawkish, markets overvalued
- Markets Wrap Up – 13 December- Stocks climb, rupee slips; Asia, Europe markets, Gold, Crude, Crypto updates
- Budget 2024- Boost healthcare spending, reform iGST and address embedded tax issues, industry leaders urge